Euroseas (NASDAQ:ESEA) Cut to Hold at Wall Street Zen

Euroseas (NASDAQ:ESEA) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Euroseas in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Euroseas presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Euroseas Stock Performance

NASDAQ ESEA opened at $68.74 on Friday. The stock has a fifty day simple moving average of $56.23 and a 200-day simple moving average of $58.22. The company has a current ratio of 3.59, a quick ratio of 3.53 and a debt-to-equity ratio of 0.47. The stock has a market cap of $481.87 million, a PE ratio of 3.50 and a beta of 0.81. Euroseas has a twelve month low of $26.30 and a twelve month high of $69.48.

Euroseas (NASDAQ:ESEA) last posted its quarterly earnings data on Wednesday, February 25th. The shipping company reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.47 by $0.01. The firm had revenue of $57.39 million for the quarter, compared to the consensus estimate of $57.83 million. Euroseas had a return on equity of 28.87% and a net margin of 60.11%. Equities analysts anticipate that Euroseas will post 15.15 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new stake in shares of Euroseas in the second quarter valued at about $45,000. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Euroseas during the 3rd quarter valued at approximately $205,000. Russell Investments Group Ltd. purchased a new stake in shares of Euroseas during the 4th quarter worth approximately $34,000. Jump Financial LLC boosted its stake in shares of Euroseas by 39.3% during the 4th quarter. Jump Financial LLC now owns 10,692 shares of the shipping company’s stock worth $584,000 after acquiring an additional 3,019 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Euroseas in the 4th quarter worth approximately $311,000. 6.27% of the stock is currently owned by hedge funds and other institutional investors.

Euroseas Company Profile

Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.